BNY Mellon has confirmed its appointment as back-office service provider for Delaware Investments, a Philadelphia-based asset management firm. Delaware Investments, an affiliate of Lincoln Financial Group, has more than USD135bn AuM.
BNY Mellon is using its Eagle STAR and Eagle PACE platforms to provide accounting, administration and other back-office services in support of all of Delaware Investments' mutual funds domiciled in the US and Dublin, institutional separate accounts, and other products.
"Turning to BNY Mellon to perform these important functions reduces our overall risk profile and makes our costs more predictable," said Phil Russo, executive vice president and chief administrative officer of Delaware Investments. "BNY Mellon's solid reputation in outsourcing, as well as the enhanced functionality and efficiencies we derive from the Eagle platform, will enable us to deliver even greater value to our clients."
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